Micron topped out this summer when it reported earnings and has broken key support; expect a 730-740 bounce then a break lower, with a longer-term target of 460 by early/mid 2027. I would not touch it for a swing trade or long-term investment before 460.

I think this AI trade has already topped out. It topped out this summer when Micron reported earnings. And I still remember being perished on Micron then. Um, and everyone was like, Gareth, you're insane.

The PE ratio is so low. This is when it topped out when they reported earnings, gapped up, and it literally collapsed after that. There's your bare flag. Look at your bare flag formation.

Classic TA right here. Down move. Here's your bare flag. And there's your breakdown. trading at 872 today. First bounce level will be right around 730 to 740. This is a gap fill pivot low.

But again, I would expect again, you know, go down here, good bounce and then eventually breaks even lower. My longerterm trend line, you can go back to videos from 3 to 6 months ago.

I said we're headed back to 460. That will be my guess where we go on Micron probably by early 2027, maybe mid 2027. All right. Now, again, will there be great swing trading opportunities along the way?

Heck yeah. But I will not go near this thing for a swing trade or a long-term investment, I should say, at least until 460 when it retraces to the scene of the crime.

Here we have U Micron. Micron broke broke key support a couple days ago. It's continued to decline. There'll be a little bit of support around 830. I'm going to watch this pivot low at at 740 as the key level of support.